What effect can the president of the United States sign the Inflation Reduction Act?

The President of the United States has signed an inflation reduction bill, which may play a role and curb the inflation rate. The bill deals with health care, tax reform and climate change, as well as energy and climate. This may be able to optimize the industry in the United States and further develop the new energy in the United States. Only when this bill is applied in practice will it be found out how effective it is.

1. The inflation reduction bill can reduce the government's fiscal deficit

It is also achieved by increasing taxes. Although this bill was opposed by many people in the United States, it was officially approved. This bill is also called old wine in new bottles by many Americans, because Biden once introduced the bill to rebuild a better future, which is exactly the same as the previous bill. Increasing taxes may make life more difficult for the American people, but in reducing the fiscal deficit, taxes may be a helpless choice.

2. This bill can also reduce the impact of inflation on some people in the United States.

This bill was originally introduced in the United States to deal with inflation. This bill reduces inflation by reducing medical costs. This may not be a good idea. In a long time, it is not a good idea to reduce the medical care for many poor people and increase the burden on hospitals.

3. The bill can also increase subsidies to encourage the development of clean energy and deal with the problem of high oil prices.

New energy sources include the industrial development of many clean energy sources. This bill supports photovoltaic energy storage electric vehicles and other green energy sources, which can enable the United States to temporarily cope with the impact of the energy crisis. Moreover, in the fields of energy and climate, the United States will increase fiscal expenditure, and for some manufacturing links such as Guangfeng, it will also reduce taxes, which may play a short-term role in coping with rising oil prices and inflation.